• Home
• Channel: Current Affairs
• Local Opinion: Hungarian Economy Grows By 5%

Local Opinion: Hungarian Economy Grows By 5%

• 16 Nov 2018 8:53 AM
• BudaPost

A pro-government columnist welcomes the latest high growth figures as proof of the correctness of the government’s economic policies.

On Tuesday, the Central Statistical office reported that in the third quarter, economic growth was 5 per cent year-on-year. Analysts had expected only 4.3 per cent due to slower growth in the EU. The annual growth rate may be as high as 4.5 per cent, which would be the highest in 14 years.

In Magyar Hírlap, Gábor Putsay hopes that rapid growth can be maintained, and Hungary will catch up with Austria by 2030, as desired by Prime Minister Orbán.

The conservative analyst acknowledges that this is a very optimistic projection, but interprets sustained Hungarian GDP growth as an indication that the economy is in good shape.

Putsay recalls that in the early 2010s, Hungary was mentioned alongside Greece as the weakest and riskiest economies in Europe, but now it has the second highest growth rate in the EU. The success of the economy proves the economic policy of the government and the National Bank right, he concludes.

This opinion does not necessarily represent the views of XpatLoop.com or the publisher. Your opinions are welcome too - for editorial review before possible publication online Click here to Share Your Story 

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Local Opinion Hungarian Economy

XpatLoop Media Partner

BudaPost

Launched in May 2011 to provide a balanced picture of matters covered in Hungary’s national press. Their aim is to make it easier for English-speakers to understand where this country is now and where it’s heading according to the full spectrum of media opinions.

Explore More Reports

Hungary to Veto EU Sanctions Against Georgia Officials If Necessary, FM Szijjarto Says + More

• 11 Dec 2024 5:34 AM

Hungary’s government believes the European Union’s proposal to impose sanctions on Georgia’s interior minister and two police officials is “nonsensical and uncalled for”, and will veto the motion if necessary, Peter Szijjarto, the foreign minister, said on Tuesday.



Opposition Parties Criticise Orbán Choice for New Governor of National Bank of Hungary

• 2 Dec 2024 6:26 AM

The opposition Democratic Coalition (DK) and Socialist parties have criticised the prime minister's decision to nominate Mihaly Varga, the incumbent finance minister, to serve as the next central bank governor, saying he would "further weaken" the forint.



Former US Ambassador Says "Trump Would Most Certainly Pay a Visit to Hungary"

• 22 Nov 2024 9:57 AM

US president-elect Donald Trump knows Vladimir Putin and Volodymyr Zelensky well and if he reaches out to them, the Russian and the Ukrainian presidents will both show respect towards the United States, the former US ambassador to Hungary said in an interview with public television broadcast on Wednesday evening.



Hungary-US Political Cooperation to Be in 'Top Shape' Again After Trump Win, Says FM

• 7 Nov 2024 4:15 PM

"The decision of American voters gives us good hopes that political cooperation between the United States and Hungary could again get into a top shape," the foreign minister said on Facebook on Wednesday morning.